Expert says that Norway isn't immune to the euro crisis. Steven Desmyter of the investment firm Man Investments, Norway is beginning to feel the impact of Europe’s financial woes
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The TAIEX yesterday tumbled 3.15 percent, or 557.83 points, to 17,178.69, while the New Taiwan dollar fell 0.48 percent against the US dollar to NT$28.25, an 11-month low, dragged by capital flight as the US threatened more drastic sanctions against Russia and oil prices skyrocketed, traders said.
Turnover on the main board was NT$456.783 billion (US$16.17 billion), the highest in more than seven months, Taiwan Stock Exchange (TWSE) data showed, while transaction volume hit a 13-year-high of US$2.533 billion on the Taipei Forex Inc during the session.
Minister of Finance Su Jain-rong (蘇建榮) and TWSE officials called for calm amid escalating tensions